CURRICULUM VITAE 12/98

Sheryl B. Ball

Department of Economics

Virginia Polytechnic Institute and State University

Blacksburg, VA 24061

(540)231-4349 (w)

E-mail: SBALL@VT.EDU

Web Page: http://ball.econ.vt.edu

 

Education

1984 Northwestern University, B.A. with honors, Mathematical Methods in the Social Sciences and Economics.

1986 Northwestern University, M.S., Managerial Economics and Decision Sciences.

1991 Northwestern University, Ph.D. Managerial Economics and Decision Sciences, thesis: "Experimental Evidence on the Winner’s Curse in Negotiation," Roger Myerson, chairman.

 

Fields

Individual Decision Making, Experimental Economics, Public Economics, Managerial Economics, Development Economics.

 

Professional Employment

Virginia Polytechnic Institute and State University, Assistant Professor of Economics, 1992-99, Associate Professor of Economics 99-present.

Visiting Scholar, IMF Institute 8/97 and 5/98.

Babson College, Visiting Assistant Professor Finance, Fall 1995.

Indiana University School of Business, Visiting Assistant Professor, Business Economics and Public Policy, Fall 1991.

Boston University School of Management, Assistant Professor, Finance and Economics, Fall 1989 to Spring 1992.

Northwestern University - Kellogg Graduate School of Management: Instructor, Statistics, Winter 1988; Research Assistant (with Max Bazerman), Organizational Behavior, Summer 1986; Teaching Assistant, 1985 -1988. Management student advisor, 1985 - 1988.

Roosevelt University, Instructor, Management Science (Operations Management), Chicago, IL, summer 1986.

 

RESEARCH ACTIVITY

 

Publications

a. Peer Refereed Articles:

Ball, Sheryl B., Max H. Bazerman and John S. Carroll, "An Evaluation of Learning in the Bilateral Winner's Curse" Organizational Behavior and Human Decision Processes, vol. 48, January 1991, pp. 1-22.

Ball, Sheryl B., and Catherine C. Eckel, "Buying Status: Experimental Evidence on Status in Negotiation," Psychology and Marketing, vol 13, 381-405, 1996.

Ball, Sheryl B., and Paula-Ann Cech, "Subject Pool Choice and Treatment Effects in Economic Laboratory Research", in R. Mark Isaac, ed., Research in Experimental Economics, vol. 6, 1996, 239-292.

Ball, Sheryl B., and Charles A. Holt "Speculation and Bubbles in an Asset Market," in Journal of Economic Perspectives, 12(1), Winter 1998, 207-218.

Ball, Sheryl B., and Andrew Feltenstein, "Basic Macroeconomic Options for Bangladesh: A Numerical Analysis," Journal of Asian Economics, forthcoming, summer, 1998.

Ball, Sheryl B., and Catherine C. Eckel, "The Economic Value of Status", Journal of Socio-Economics, In Press, 27(4), 1998.

 

b. Book Chapters

Ball, Sheryl B., "Experimental Economics" Elgar Companion to Economic Psychology and Consumer Research, In Press, November 1998.

 

c. Survey Articles

Ball, Sheryl B., "Research, Teaching, and Practice in Experimental Economics: A Progress Report and Review" in Southern Economic Journal, 64(3), 1998, 772-9.

 

d. Book Reviews

Ball, Sheryl B., Review of The Russian Management Revolution, Sheila M. Puffer, Ed., in Slavic Review, Winter 1993, p. 899.

Ball, Sheryl B., Review of The Bangladesh Economy in Transition by M. G. Quibria, Oxford University Press, in Journal of Asian Economics, 9(1), 1998, 167-170.

  1. Conference Volume Publications

Ball, Sheryl B., and George E. Morgan, (1998), "How Valuable is Eight Times more Bandwidth: Evidence from the LMDS Auction," Wireless Communications Conference, Reston, Virginia: International Microelectronics And Packaging Society and Educational Foundation.

 

Articles Currently Under Review

Ball, Sheryl B., and Andrew Feltenstein, "Bank Failures and Fiscal Austerity: Policy Prescriptions for a Developing Country," under review at Journal of Public Economics. This paper is part of a research project funded by the Asian Development Bank. 6/98.

Ball, Sheryl B., Catherine C. Eckel, Phillip Grossman and Bill Zame, "Status in Markets," under review at Quarterly Journal of Economics. This research is funded by NSF grant SBR#94-22867. 11/98.

Ball, Sheryl B., and Kyungdong Hahn, "Market Provision of Public Projects: Some Experimental Results," under review at Journal of Public Economics. 4/98.

Ball, Sheryl B., "Pareto Optimality in Negotiation," under review (revised and resubmitted) at Journal of Education for Business. 11/98.

 

Unpublished Papers

Ball, Sheryl B., and Catherine C. Eckel, "Stars Upon Thars: Status and Discrimination in Ultimatum Games" in preparation for submission to the Journal of Labor Economics. This research is funded by NSF grant SBR#94-22867. 7/98.

Ball, Sheryl B., and Andrew Feltenstein, "An Analysis of Tariff Reform in Pakistan." This paper is part of a research project funded by the Asian Development Bank. 4/98.

Ball, Sheryl B., "Agency Theory in Negotiation," current version: 4/98. To be submitted to Journal of Economic Education.

 

 

Work in Progress

Ball, Sheryl B., and George E. Morgan, "Spectrum Auction Policy: Lessons from the LMDS Auctions," to be submitted to Journal of Regulatory Economics. Work in progress, presented at three conferences this fall (see presentations).

Ball, Sheryl B., and Andrew Feltenstein, "Reduction of Foreign Exchange Subsidies in an Economy with Trade Restrictions: the Case of Pakistan" work in progress. To be submitted to Journal of International Economics.

Ball, Sheryl B., and Charles Holt, "Speculative Bubbles in Markets with Indeterminate Endpoints: Experimental Results," work in progress. To be submitted to Econometrica.

 

 

Grants

a. Peer Reviewed Research Grants from National Organizations

"Status in Economic Decision Making," a National Science Foundation Research Grant, awarded to Sheryl B. Ball and Catherine C. Eckel, co-PIs, July 1995-99. This project examines whether the outcomes of economic environments such as markets or negotiations are influenced by participants’ social status. $50,000.

"Location Experiments," a National Science Foundation Research Grant, awarded to Sheryl B. Ball, PI, Tony Dziepak, co-PI, period July 1997-1999. This is a dissertation support grant to fund completion of experiments that seek to identify conditions under which equilibrium can be reached in a game where players’ payoffs depend on the locations of their choice within a space. $10,579.

Negotiation course preparation grant, a National Institute for Dispute Resolution Course, awarded to Sheryl Ball and William Samuelson in 1991. This grant funded the preparation of 2 exercises which illustrated negotiations concerning environmental issues. About $5,000.

"The Winner’s Curse in Negotiation." National Institute for Dispute Resolution Research Grant, 1987. This grant funded my dissertation research on the winner’s curse. Money was primarily used to pay subjects in experiments. About $5,000.

 

b. Sponsored Research

"A Strategic Framework for Spectrum Auctions." I served as co-PI (15% responsible) on this contract sponsored by Hughes Telecommunications and Space, awarded to the Virginia Tech Center for Wireless Telecommunications in 1996, $114,778.

"Bidding in Satellite Spectrum Auctions." I served as co-PI (15% responsible) on this follow up research project for Hughes Telecommunications and Space, sponsored research awarded to the Virginia Tech Center for Wireless Telecommunications in 1997, $149,761.

 

c. University Level Research Grants

"The Economics of Trading Delays," a research grant funded the Virginia Tech College of Arts and Sciences Small Grants program to study the effects of trading delays on markets. $3,500.

"Experimental Methods in Economics Instruction," a Teaching Learning Grant awarded to Sheryl B. Ball and Catherine C. Eckel from Virginia Tech Learning Resource Center, September 1993 - June 1994. This grant allowed us to develop a teaching exercise on discrimination by artificially awarding some students high social status. $1,865.

"Adaptive Behavior in a Finitely Repeated Game," a Creative Match Grant award, Virginia Tech Research and Graduate Studies Division, 1993. This grant funded experiments which were conducted to study adaptive learning processes in economic environments. $3,000

"Evolution in Economic Games." Small grant (travel) award, Virginia Tech College of Arts and Sciences, November 1992 - November 1993. This grant funded a trip to Bloomington, IN to conduct experiments on adaptive learning. $1000.

"The Winner’s Curse in Negotiation." Northwestern University Dispute Resolution Research Center Research Grant, 1986. This grant funded part of my dissertation research. About $5,000.

 

d. Grants under Review

"The Economics of Deterministic Transaction Costs," a research grant submitted to the National Science Foundation, by Sheryl B. Ball and Robert P. Gilles, co-PIs. We propose a theoretical and experimental investigation of the effects of mechanism design on trade in markets with transactions costs which traders are unable to internalize. $50,000.

 

 

 

 

 

Sponsored Research

"An Analysis of Tariff Reform in Pakistan." Consultant to the Asian Development Bank for a project on trade liberalization in Pakistan, 1998. Projected tariff revenues under a series of tariff reform proposals using historical data. Ph.D. students in the Economics Department acted as research assistants for this project and received summer support as well as valuable experience. Results were presented at the Ministry of Finance during a mission to Islamabad 3/98. Among the audience was the Minister of Finance of Pakistan. Sponsored by: Asian Development Bank. Results: Paper with Andrew Feltenstein - "An Analysis of Tariff Reform in Pakistan."

"Bidding in the LMDS Auction." Strategist and bidder for Virginia Tech in the FCC Local Multipoint Distribution Services auction held in February and March 1998. I helped persuade the FCC to change their auction rules so that Virginia Tech and other bidders in mountainous areas were not at a disadvantage in the auction. My role included working to design the University’s bidding strategy and get it approved before the auction. During the auction I placed bids on behalf of Virginia Tech and monitored the auction during the over 100 rounds of bidding. This project was sponsored by Virginia Tech Department of Information Systems. Results: Acquisition of 4 licenses for University research on LMDS service. Also, Ball Sheryl, B. and George E. Morgan, "Diminishing Marginal Returns to Spectrum or Speculative Bubbles: The Evidence from the LMDS Auctions."

"A Strategic Framework for Spectrum Auctions." I was co-PI on a research contract on bidding for satellite spectrum auctions for Hughes Telecommunications and Space, sponsored research through Virginia Tech Center for Wireless Telecommunications awarded $114,778 in 1996, my responsibility was 15%. Researched the FCC auction rules, the strategies which were used in Direct Broadcast Satellite(DBS) auctions and the likelihood that future DBS national and international licenses would be awarded by auction. Also mapped out a plan to create an "expert system" to test strategies against simulated opponents. This project was sponsored by Hughes telecommunications and Space. Results: Proprietary to Hughes.

"Bidding in Satellite Spectrum Auctions." Follow up research on bidding for satellite spectrum auctions for Hughes Telecommunications and Space, sponsored research through Virginia Tech Center for Wireless Telecommunications awarded $149,761 in 1997, my responsibility was 15%. The output of this project is a computer program which simulates smart bidding opponents in a FCC style spectrum auction so that Hughes executives could try out bidding strategies. My contribution to this project was writing the strategies used by the simulated opponents and translating FCC auction rules into a programmable environment. This project was sponsored by Hughes telecommunications and Space. Results: Intellectual Property Disclosure for the software.

 

Intellectual Property Disclosures

"Integrated Auction Software," a software program to help individuals and companies prepare for and participate in auctions. In this software an individual can practice bidding against "smart" opponents in a sequence of single item auctions whose values depend which items are acquired. My responsibility was 15%. Disclosure filed 7/98.

"Multiplayer Auction Software," a software program to train groups of individuals in FCC auction rules and strategies. This software allows groups of up to 20 individuals to bid against each other in a set of simultaneous, multiple round auction. My responsibility was 40%. Disclosure pending.

 

Referee

National Science Foundation (>10)

Journal of Economic Behavior in Organizations (3)

Southern Economic Journal (3)

Journal of Experimental Economics (2)

Journal of Comparative Economics

Journal of Institutional and Theoretical Economics

Journal of Regulatory Economics

Journal of Economic Psychology

Human Nature

Policy Studies Journal

 

Presentations

a. Presentations Abroad

"Adaptive Behavior in a Finitely Repeated Game" at the Transcoop Workshop on Game Theory in Frankfurt, Germany in November 1993.

"Stars Upon Thars: Privilege and Discrimination in Ultimatum Games" at the Society for the Advancement of Behavioral Economics (IAREP/SABE) conference in Rotterdam, The Netherlands, July, 1994.

"Stars Upon Thars: Privilege and Discrimination in Ultimatum Games" at the Society for the Advancement of Socio-Economics 6th International Conference in Paris, France, July, 1994.

"An Analysis of Tariff Reform in Pakistan" at the Ministry of Finance in Islamabad during an Asian Development Bank Mission to Pakistan, 3/98.

 

 

b. Presentations at National Conferences

"Trading Mechanisms and the Winner’s Curse: An Experimental Study." Presented at the Economic Science Association Fifth Conference on Experimental Economics in Tucson, AZ, March 1989.

"Subject Pool Choice and Treatment Effects in Economic Laboratory Research," at the Economic Science Association Sixth Conference on Experimental Economics in Tucson, AZ, March 1990.

"The Value of Strategic Play in the Massachusetts Megabucks Game," (with Donald J. Smith). at theEconomic Science Association Annual Meetings in Tucson, AZ, October 1991.

"The Value of Strategic Play in the Massachusetts Megabucks Game," (with Donald J. Smith ) at the Midwest Economic Association Annual Meetings, in Indianapolis, IN, March 1992.

"Adaptive Behavior in a Finitely Repeated Game" at the American Social Science Association Annual Meetings in Anaheim, California in January 1993.

"The Value of Strategic Play in the Massachusetts Megabucks Game" at the Public Choice Society Annual Meetings in New Orleans, Louisiana in March 1993.

"Adaptive Behavior in a Finitely Repeated Game" at the Econometric Society Summer Meetings in Boston, Massachusetts in June 1993.

"Stars Upon Thars: Privilege and Discrimination in Ultimatum Games" at the Economic Science Association Annual Meetings in Tucson, Arizona in October 1993.

"Adaptive Behavior in 3x3 Coordination Games" at Allied Social Sciences Association annual meetings in Boston, MA January, 1994.

"Status in Markets: An Experimental Approach" at the Economic Science Association Annual Meetings in Tucson, Arizona, November, 1994.

"Obtaining Credible Statistical Inferences With Experimental Data Using the Bootstrap" at the Economic Science Association Annual Meetings in Tucson, Arizona, November, 1994.

"Market Provision of Public Projects: Some Experimental Results" at the Economic Science Association annual meetings in Tucson, Arizona on October 12-14, 1996.

"Value Conflict in Games" (joint work with Sudipta Sarangi) at the 1997 annual meetings of the Economic Science Association held in Tucson, Arizona 10/97.

"Status in Markets" (joint work with Catherine Eckel, Phil Grossman and Bill Zame) at the 1997 annual meetings of the Society for the Advancement of Behavioral Economics held at Washington & Lee University, 6/97.

"Diminishing Marginal Returns to Spectrum or Speculative Bubbles: The Evidence from the LMDS Auctions," presented at Economic Science Association Annual Meetings, in Tucson, AZ, 10/98.

"How Valuable is Eight Times more Bandwidth: Evidence from the LMDS Auctions," presented at the Wireless Communications Conference, 11/98.

 

 

c. Presentations at Regional Conferences

"Stars Upon Thars: Privilege and Discrimination in Ultimatum Games" at the Southern Economic Association Annual Meetings in New Orleans, Louisiana in November 1993.

"Status in Markets: An Experimental Approach" at the Southern Economic Association Annual Meetings, Orlando, Florida, November, 1994.

"Making Bubbles in the Classroom" (with Catherine McDonough, Babson College) at the Conference on Classroom Experiments in Economics held in Charlottesville, VA, September 30, 1995.

"Making Bubbles in the Classroom" at the Southern Economic Association Meetings annual meetings in New Orleans, LA, 11/96.

"Pareto Optimality in Negotiation" at the Conference on Classroom Experiments Economics, in Charlottesville, VA, 3/97.

"Market Provision of Public Projects: Some Experimental Results" joint with Kyungdong Hahn, at the Southern Economic Association annual meetings in New Orleans, LA, 11/96.

"Agency Theory in Negotiation" at the 1998 annual Conference on Classroom Experiments in Economics in Williamsburg, VA 4/98.

"Bank Failures and Fiscal Austerity: Policy Prescriptions for a Developing Country", joint work with Andrew Feltenstein, at the 1998 annual Southeast Economic Theory and International Economics Conference, Blacksburg, VA 9/98.

 

  1. Presentations at Other Universities

"The Evolution of Beliefs in a Finitely Repeated Game", joint with Roy Gardner at University of Pittsburgh, 1991.

"Adaptive Behavior in a Finitely Repeated Game," joint with Roy Gardner at Virginia Commonwealth University, November 1992.

"Market Provision of Public Projects: Some Experimental Results" joint with Kyungdong Hahn at the University of Virginia in July, 1995.

"Market Provision of Public Goods" at the Penn State Business School, 3/96.

"Market Provision of Public Projects" (joint work with Kyungdong Hahn) at William & Mary, 11/97.

 

e. Upcoming Presentations:

"Bank Failures and Fiscal Austerity: Policy Prescriptions for a Developing Country," (with Andrew Feltenstein) was accepted to the 1999 Econometric Society summer meetings to be held in Singapore.

 

Conference Panels Organized

"Government Sponsored Auctions," a panel for the Southern Economic Association Annual Meetings in Baltimore, MD, 11/98. The session was a collection of empirical papers on economic research on economic problems solved by establishing a new market, such as spectrum allocation, and pollution control rights.

 

Membership in Professional Associations

American Economic Association

Committee for the Status of Women in the Economics Profession, currently serving as institutional representative.

Economic Science Association

Society for the Advancement of Behavior Economics

TEACHING

Courses Taught

Undergraduate: Corporate Finance

Managerial Economics

Negotiation

Principles of Microeconomics

MBA: Game Theory

Managerial Economics

Negotiation

Operations Management

Statistics

Graduate: Experimental Economics

 

New Courses Created

ECON 5964 "Experimental Economics" is a graduate seminar in laboratory methods in economics which trains students to evaluate and conduct experimental research. This course was first co-taught (with Catherine Eckel) in 1993 and 94 and have since taught the course independently twice and completed the requirements to get it formally approved as part of the curriculum.

ECON 5224 "Negotiation" is a masters or upper level undergraduate course in the economic theory behind and practice of negotiation. I first taught this course in 1993 and have since completed the requirements to have it formally approved as part of the curriculum.

Leadership in Teaching Economics

At the invitation of the Director, I presented 2 two-day courses to faculty at the International Monetary Fund’s IMF Institute. The contracts included 3 weeks in residence where I advised IMF officials on their new distance learning program and offered faculty individual assistance with teaching concerns. The Institute conducts training for government officials in developing countries in economics and finance. The courses I taught were aimed at improving faculty skills in both classroom and distance learning teaching.

Co-organized with Charles A. Holt the "Conference on Classroom Experiments in the Teaching of Economics" at the University of Virginia, March 28-29, 1997. This conference was attended by approximately 60 economics faculty from Virginia and surrounding areas.

 

 

Other Teaching Experience

"Bidding for Spectrum: An Interactive Computer Workshop," part of the Wireless Opportunities Workshop hosted by Virginia Tech’s Continuing Education Department, 10/23/97. This was a 2 hour course utilizing specialized network software written especially for the course. The audience were members of Virginia’s Telecommunications industry.

 

Service on Graduate Committees

Served as a committee member for 2 Ph.D. students who have completed degrees (Kyundong Hahn - Economics as co-advisor and Dave Harrison - Accounting) and currently serve on committees for 5 students whose work is in progress (Don Cook - Marketing, Robert Dawson - Agricultural and Applied Economics, Abdulla Al Masuud - Economics, Hisaya Oda - Economics, and Sudipta Sarangi - Economics).

 

Teaching Awards

MBA Association (a student organization at Virginia Tech’s College of Business) "favorite professor", 1994-1995.

MBA Association (a student organization at Virginia Tech’s College of Business) Outstanding Teacher Award, 1992-1993, 1993-1994.

 

Textbook reviews

Mangerial Economics

Baye, 2nd Edition, for Irwin

Besanko, Dranove and Shanley, 1st and 2nd editions, for Wiley

Peterson and Lewis, for Prentice Hall

Samuelson and Marks, 1st and 2nd editions, for Dryden Press

6 textbook proposals

Principles of Economics

O'Sullivan and Shefferin, 1st edition, for Prentice Hall

McEachern, 3rd edition, for Southwestern

2 textbook proposals

SERVICE ACTIVITIES

 

Committee Service

a. Departmental Service

Departmental Personnel Committee 96-97

Undergraduate Curriculum Committee 93-94, 97-present

Undergraduate Career Advisor 96-present

Economics Department Retreat Planning Committee

Undergraduate advisor 92-96

Peer Teaching Reviewer 94-present

  1. University Service

Computing and Communications Resources Committee (appointed by the President of the University) 98-present

University Honor Court 97-present

 

Service as Career Advisor

As part of my self-defined role as Undergraduate Career Advisor for the Department of Economics, I have created a career advising web page (http://ball.econ.vt.edu/ Careers.html). The web page contains information about career planning and job search resources available at Virginia Tech, as well as links to resources at other sites. There are also a number of features, such as advice on course planning for people interested in graduate school in economics, which I wrote specifically for the web page. Employers in the region send me job listings which are also posted so that students who are searching for jobs can check them at their convenience.